
Agree Realty (ADC) Stock Forecast & Price Target
Agree Realty (ADC) Analyst Ratings
Bulls say
Agree Realty is an attractive investment opportunity in the net lease space due to its high-quality portfolio of industry-leading tenants, strong acquisition pace, low cost of capital, and strong balance sheet. The company's commitment to sustainability and diverse leadership team also bode well for its long-term success and growth potential. With a strong focus on risk management, continued strong acquisition volumes and potential spread expansion are potential catalysts for the stock. Trading at a premium multiple and a strong balance sheet, ADC is well positioned for mid-single-digit AFFO/sh growth and consistent dividend payments.
Bears say
Agree Realty is facing risks related to general economic trends, including a prolonged economic downturn or recession, slow acquisition pace and spread contraction, which could negatively impact the company's high multiple. Additionally, credit risk with large tenants and higher inflation risk compared to the broader equity market are also downside risks. The target price of $84.50 reflects a 17.5x 2027 AFFO estimate, but this price could be at risk if economic conditions worsen, interest rates increase, or there is continued weakness in the mortgage and commercial real estate markets.
This aggregate rating is based on analysts' research of Agree Realty and is not a guaranteed prediction by Public.com or investment advice.
Agree Realty (ADC) Analyst Forecast & Price Prediction
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